2, MILL LANE, HOGSTHORPE, SKEGNESS, PE24 5NF - £46,029

2 MILL LANE is a large extended detached house of 120m², built sometime between 1900 and 1929. It was last sold for £46,029 in May 2009, which was around 71% below the average May 2009 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2023, where the current energy rating was F, and the potential energy rating was B.

2 MILL LANE Sold Prices

Land registry data shows two sales for 2 MILL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two 2 MILL LANE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2009 11 MAY	£46,029	£159,196	71% below HPI
1995 13 APR	£32,000	£56,465	43% below HPI

2 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The two 2 MILL LANE sales from April 1995 and May 2009 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the April 1995 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the May 2009 sale, where it falls to 71% below the HPI. The line then continues to track at 71% below the HPI.

How Large is 2 MILL LANE?

2 MILL LANE is 120m², which includes two extensions, according to the EPC inspection conducted in March 2023. This puts it in the largest 30% of detached houses in Hogsthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Hogsthorpe, and where 2 MILL LANE lies on this distribution: 78% of detached houses are smaller than 2 MILL LANE, and 22% of houses are larger. Note that EPC data is not available for all properties in Hogsthorpe.

2 MILL LANE: Plot and Title Map

2 MILL LANE sits on a plot of roughly 0.150 of an acre, or 608m². The below map shows the location of 2 MILL LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 MILL LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 MILL LANE?

2 MILL LANE is located in HOGSTHORPE, in the PE24 postcode district. The below map shows the position of No. 2 on MILL LANE.